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Weekly Forex Signals and News
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next wave EURUSD will ride – 120? 170?
Wed, Oct 10 2007, 09:24 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.Non-Forex Department
Equities Almost Toppish & Double Top Formation
What happened in the first week of October completed 100% my August epic vision when consolidation market crunched then. What is going to happen next is a little of no trend but rather a move through bumps.
Equities may form (or formed) almost double top, and if the weekly close proves to be levelled around the high of August (just before the turmoil), then we might be ready of building an ascending triangle where an upward trendline from the daily lows since August and up to now should be tested, generating false breaks, before heading back towards new highs that may last till year end. Dax bullishness incomplete and S&P TP @ 1600.
Forex Department
What is the next wave EURUSD will ride – 120? 170?
We say Long eurusd, they say: Inflation; we say Short euro, they say: keep an eye on the FED! What is wrong with you? Euro is riding well on a seesaw, with a brain damage as heading to where next?
Euro entered the channel that was tunnelled by ForexSurvivor in March 2007 describing Major Top 14000 and 13500 that will lead the way towards 11000. And when 14000 was screened, amendment was wired on NonySqueakNews during whole September stating that top is incomplete and 14325 was to be screened. Top was reached, and correction should be dragged down towards base @ 13500 within 60days.
Only then, when euro blinks back 13500, ForexSurvivor will reassess the next Long Term Target. For the next period bearish signal supersedes lucratively bullish ones and zeroing in the base is achievable in the near future.
Anthony Samaha
Trading Engineer
*** The Potential Flows of Trading Information constitute my judgment and are not trading recommendations. ***
Published on Wed, Oct 10 2007, 09:21 GMT
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